Tuesday, February 27, 2007

Forex News: 27.02.2007 U.S. Jan. existing-home sales rise 3%

Sales of existing U.S. homes rose 3% to a seasonally adjusted annual rate of 6.46 million in January, the highest in seven months, the National Association of Realtors reported.

Sales were down 4.3% year-on-year. Resales of single-family homes rose 3.5% to 5.69 million annualized, while condo resales fell 0.1% to 767,000 annualized.

Inventories of unsold homes on the market rose 2.9% to 3.55 million. The median sales price fell 3.1% year-over-year to $210,600.


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